Are mortgage banking firms monopolistic and should they fear the new Biden executive order? Not really. Still...

With refi lending expected to wane, lenders are planning to create a faster, more efficient experience for borrowers, according to a new study from Fannie Mae.

The technology company, which is the key service provider for the title insurance industry, is still in negotiations with the perpetrator.

But does the bill have the numbers to pass the Senate? Investment banking firm Cowen and Company believes moderate Democratic lawmakers would present an obstacle.

Although guidance for employers on COVID-related legal liability is still evolving, an attorney is providing a lay of the land.

HMDA data show that minorities face notably higher denial rates than white borrowers, and more so if the mortgage is underwritten manually. (Includes data chart.)

California accounted for most of the overall market decline in agency business during the second quarter, although FHA lending was up in the state. (Includes data chart.)

Tomo was founded by two former Zillow executives with a sole focus on purchase mortgages. Meanwhile, three-year-old Lower recently completed a $100 million Series A funding round.

The regulator released additional data collected from the survey of 5% of new mortgage borrowers each quarter. The data covers originations through the third quarter of 2020.

The first step for many companies looking to ramp up efforts to increase diversity and inclusion: hiring a diversity officer. The MBA’s diversity officer has some other suggestions too.